Shareholders' Meeting - ABAS Software AG

Shareholders' equity of ERP and eBusiness provider has increased

Karlsruhe, 23.06.10 - On June 17, 2010 chairman of the supervisory board, Thomas Frank, and CEO, Werner Strub, reported about the business development of ABAS Software AG at the annual shareholders' meeting.
 

Making profits in 2009

Shareholders' Meeting - ABAS Software AG
From right to left: Werner Strub, CEO ABAS
Software AG, Thomas Frank, Chairman of the
Supervisory Board ABAS Software AG, Peter
Walser, CTO ABAS Software AG and Attorney
Tina Neff, from the office Caemmerer Lenz
Karlsruhe
 
2009 has been affected by recession and a reluctance to invest. Despite a decrease in turnover of 7.5%, ABAS has managed to remain in positive figures for the sixteenth year in a row. The overall performance of the Karlsruhe software manufacturer was kEUR 10,136 in 2009. The result from ordinary business activities was kEUR 443. The equity capital could be increased by 4.6% to kEUR 4,771. The equity capital amounts to a lofty 81% of the balance sheet total. On the basis of excellent liquidity, ABAS is financially independent and finances itself using its own resources. Confidence in the CEO and the supervisory board was unanimously confirmed in the shareholders' meeting for 2009. The annual shareholders' meeting approved payment of a dividend as follows: 8% on common shares and 12% on preferred shares.
 

30 Years of ABAS – 30 Years of Evolution

In 2010 ABAS is celebrating its 30th anniversary. CEO Werner Strub illustrates, "In a year of crisis the solid equity capital base has provided us with a lot of security. We have an excellent starting point to further expand worldwide. Our policies are independence, longevity, economic stability and proximity to customers. Our technological and evolutionary further development of abas Business Software, which easily and flexibly adapts to company-specific requirements while remaining upgradeable, is unique in the ERP market and has an invaluable benefit for users."  
 
Further information on ABAS:
pr@abas-software.com (Press and Public Relations)
Phone: +49 (0) 721 96 72 30; Fax: +49 (0) 721 96 72 31 00
 
 

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